Naira slides at official market

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The currency was stable at the black market.

The naira fell against the U.S. dollar at the official market on Tuesday, after it clinched a slight gain in the previous session on Monday.According to data posted on the Nafex window, the naira closed at N411.45 per $1 on Tuesday.

This implies a N0.32 or 0.10 per cent appreciation from the N411.13 rate it traded in the previous session on Monday. The currency experienced an intraday low of N420.86 and a high of N387.67 before closing at N411.45 as of the close of business on Tuesday. The forex turnover plummeted by 54.70 per cent, with $110.67 million recorded at the end of the market session as against the $71.55 million posted in the previous session on Monday.

 

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Belgique Dernières Nouvelles, Belgique Actualités